To withdraw funds from Bitstamp, one must verify his/her account first. After such, you will be able to transact via Litecoin or Fiat money. The transaction time at Bitstamp does not take too long, and the process is also user-friendly.
Here, you will find steps that will guide you on how to make a withdrawal on Bitstamp.
Access the log-in page of Bitstamp first. Provide your registered information (User ID & Password), then hit Login.
For two-factor authentication, a token or 6-digit code is necessary to complete your log-in. Retrieve this from your authenticator app and click Continue.
Go to the ‘Withdrawal’ page as directed by the arrow on the image below.
From the selection on the left panel, select the cryptocurrency that you’d like to withdraw. On the next screen, provide the withdrawal or receiving address as well as the amount. Click the ‘Withdraw’ button to proceed. Litecoin withdrawals are free of charge but at the same time irreversible, so be sure to provide the correct information.
For Fiat money withdrawal, we will explain the steps through the EU Bank (SEPA) method as an example. To start, select this option from the left panel.
The SEPA form pops up which is an instrument for transferring funds to any bank account within the EU which supports the SEPA standard. Accurately provide all required information and hit Withdraw.
Go back to the Withdraw section to check the status of your withdrawal. Here, you will see that it says ‘Email’ confirmation needed.
Access your email inbox and click on the link that is in the email that you receive from Bitstamp.
The status will now change to ‘Waiting’ to be processed.
Another email will arrive in your inbox confirming your withdrawal.
As a result, the status will now show as ‘Finished’ on the Withdraw page. It usually takes 1-3 business days before you receive the money.
If you wish to check the withdrawal that you’ve just made, you can always go to your Account> Transactions> Withdrawal as the type.
With Gemini, you can deposit cryptocurrencies like Litecoin as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Litecoin on your registered and confirmed Gemini account:
Click here to open the exchange site and click on “Sign in.”
Type in your registered email address and password, then click on “Submit.”
After logging in, go to “Transfer funds” then select on “Deposit Into Exchange” to start depositing funds on your Gemini account.
To deposit Litecoin on Gemini, select your Litecoin under “Deposit Into Exchange.”
Once you have selected your Litecoin, you can generate your wallet address by scanning the QR code. Make sure the right address is entered when processing deposits as completed transactions can no longer be reverted and may result in losing funds.
To deposit Fiat money on Gemini, select your currency under “Deposit Into Exchange.” Next, select your funding source from the dropdown menu and enter your deposit amount. Click on “Review Deposit” and review the information that you supplied to avoid losing funds. Then confirm the transaction.
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